Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h −0.074%

Price spread now: gTrade (Gains Network) against BloFin+0.016%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2476	−0.0184	get 0.0092% / 4h	1h 04m	$1.0M	$833K	75x
Short	gTrade (Gains Network) WIF/USD	0.2476	L +0.0002% / S +0.0001%	pay 0.0000% / 1h	4m 08s	$800	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.016%Rate

Funding earned: $38.45
Price spread: +0.016% → 0.000%: $1.62
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $18.06
Costs to cover: 0.220%
Break-even: 3.7 days

Slippage unknown: BloFin: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 3 min ago	4.04 bp	16.5 bp −$17	29.4 bp −$294	70.8 bp −$7,081	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin WIF-USDTlong	−0.0184%	4h	0.2476	long leg	$1.0M	$833K	75x
dYdX WIF-USD	0.0000%	1h	0.2477	+0.020%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2475	−0.040%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S +0.0001%	1h	0.2476	+0.016%	$800	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.242%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2478	+0.089%	$139K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2478	+0.081%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2476	+0.005%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2479	+0.117%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2477	+0.051%	$19.0M	$115.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2475	−0.040%	$17.0M	$38.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2476	0.000%	$5.9M	$35.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2476	0.000%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2476	0.000%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2476	0.000%	$4.6M	$13.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2477	+0.040%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2476	0.000%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2475	−0.061%	$85K	$273K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.242%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2485	+0.359%	$277K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	+0.525%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2475	−0.040%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2470	−0.242%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2475	−0.036%	$570	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2473	−0.121%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2476	−0.005%	$9K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2476	−0.019%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2479	+0.107%	$649K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0146% / S −0.0021%	1h	0.2476	−0.011%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2478	+0.081%	$332K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0315%	1h	0.2481	+0.202%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	+0.013%	$0	—	15x	as long as short